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Indiana Administrative Code (Last Updated: December 20, 2016) |
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Title 876. INDIANA REAL ESTATE COMMISSION |
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Article 876IAC6. REAL ESTATE SCHOOLS; PRELICENSING EDUCATION; EXAMINATION |
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Rule 876IAC6-7. Transition Requirements for Certain Inactive Brokers to Activate and Certain Referral Status Brokers to be Removed from Referral Status |
Section 876IAC6-7-1. License transition; scope of rule
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(a) As used in this section, "referral status" has the meaning set forth in IC 25-34.1-3-10.5(a).
(b) As used in this section, "salesperson" has the meaning set forth in IC 25-34.1-3-10.5(b).
(c) This rule establishes the educational and examination requirements for brokers who held:
(1) an inactive salesperson license on June 30, 2014, that became an inactive broker license on July 1, 2014, under IC 25-34.1-3-10(e); or
(2) a salesperson license on referral status on June 30, 2014, that became a broker license on referral status on July 1, 2014, under IC 25-34.1-3-10.5(d);
to activate the inactive license or remove the license from referral status.
(d) The provisions of this rule apply to brokers and broker course providers as applicable. (Indiana Real Estate Commission; 876 IAC 6-7-1; filed May 22, 2014, 11:50 a.m.: 20140618-IR-876140061FRA, eff Jul 1, 2014)